The author is a Forbes contributor. The opinions expressed are those of the writer.

Loading ...

Loading ...

This story appears in the {{article.article.magazine.pretty_date}} issue of {{article.article.magazine.pubName}}. Subscribe

Despite an expected dip in profit, analysts are generally optimistic about Newell Rubbermaid as it prepares to reports its first-quarter earnings on Friday, May 2, 2014. The consensus earnings per share estimate is 32 cents per share.

The consensus estimate remains unchanged over the past month, but it has decreased from three months ago when it was 35 cents. For the fiscal year, analysts are projecting earnings of $1.97 per share. Analysts are projecting that revenue will stay flat at $1.24 billion this quarter. Analysts project revenue to fall slightly year-over-year to $1.24 billion for the quarter, after being $1.24 billion a year ago. For the year, revenue is projected to roll in at $5.83 billion.

Over the last four quarters, the company has seen its revenue grow by an average of 2% year-over-year. The 20% increase in the most recent quarter was the biggest rise.

The company has been profitable for the last eight quarters, and for the last four, profit has risen year-over-year by an average of 40%. The biggest boost for the company came in the most recent quarter, when profit jumped by more than twofold.

The majority of analysts (82%) rate Newell as a buy. This compares favorably to the analyst ratings of six similar companies, which average 50% buys.